What users are saying about
30 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>Score 8.6 out of 100
Based on 30 reviews and ratings
53 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>Score 8 out of 100
Based on 53 reviews and ratings
Feature Set Ratings
Payroll Management
AvidXchange
Feature Set Not Supported
N/A

8.1
Workday Financial Management/Revenue Management
81%
Workday Financial Management/Revenue Management ranks higher in 5/5 features
Workday Financial Management/Revenue Management ranks higher in 5/5 features
Pay calculation
N/A
0 Ratings

8.0
80%
4 Ratings
Benefit plan administration
N/A
0 Ratings

8.0
80%
4 Ratings
Direct deposit files
N/A
0 Ratings

8.5
85%
4 Ratings
Salary revision and increment management
N/A
0 Ratings

8.0
80%
3 Ratings
Reimbursement management
N/A
0 Ratings

8.0
80%
4 Ratings
Customization
AvidXchange
Feature Set Not Supported
N/A

8.8
Workday Financial Management/Revenue Management
88%
Workday Financial Management/Revenue Management ranks higher in 2/2 features
Workday Financial Management/Revenue Management ranks higher in 2/2 features
API for custom integration
N/A
0 Ratings

8.7
87%
4 Ratings
Plug-ins
N/A
0 Ratings

9.0
90%
4 Ratings
Security
AvidXchange
Feature Set Not Supported
N/A

9.3
Workday Financial Management/Revenue Management
93%
Workday Financial Management/Revenue Management ranks higher in 2/2 features
Workday Financial Management/Revenue Management ranks higher in 2/2 features
Single sign-on capability
N/A
0 Ratings

9.5
95%
6 Ratings
Role-based user permissions
N/A
0 Ratings

9.0
90%
5 Ratings
Reporting & Analytics
AvidXchange
Feature Set Not Supported
N/A

8.9
Workday Financial Management/Revenue Management
89%
Workday Financial Management/Revenue Management ranks higher in 3/3 features
Workday Financial Management/Revenue Management ranks higher in 3/3 features
Dashboards
N/A
0 Ratings

9.0
90%
7 Ratings
Standard reports
N/A
0 Ratings

8.8
88%
7 Ratings
Custom reports
N/A
0 Ratings

9.0
90%
7 Ratings
General Ledger and Configurable Accounting
AvidXchange
Feature Set Not Supported
N/A

7.9
Workday Financial Management/Revenue Management
79%
Workday Financial Management/Revenue Management ranks higher in 11/11 features
Workday Financial Management/Revenue Management ranks higher in 11/11 features
Accounts payable
N/A
0 Ratings

7.0
70%
4 Ratings
Accounts receivable
N/A
0 Ratings

7.0
70%
4 Ratings
Expense management
N/A
0 Ratings

8.0
80%
1 Rating
Global Financial Support
N/A
0 Ratings

8.3
83%
5 Ratings
Primary and Secondary Ledgers
N/A
0 Ratings

8.3
83%
5 Ratings
Intercompany Accounting
N/A
0 Ratings

8.5
85%
5 Ratings
Localizations
N/A
0 Ratings

7.5
75%
3 Ratings
Journals and Reconciliations
N/A
0 Ratings

6.5
65%
4 Ratings
Configurable Accounting
N/A
0 Ratings

9.0
90%
6 Ratings
Centralized Rules Framework
N/A
0 Ratings

8.5
85%
6 Ratings
Standardized Processes
N/A
0 Ratings

8.5
85%
6 Ratings
Inventory Management
AvidXchange
Feature Set Not Supported
N/A

9.0
Workday Financial Management/Revenue Management
90%
Workday Financial Management/Revenue Management ranks higher in 3/3 features
Workday Financial Management/Revenue Management ranks higher in 3/3 features
Inventory tracking
N/A
0 Ratings

9.0
90%
1 Rating
Automatic reordering
N/A
0 Ratings

9.0
90%
1 Rating
Location management
N/A
0 Ratings

9.0
90%
1 Rating
Order Management
AvidXchange
Feature Set Not Supported
N/A

8.5
Workday Financial Management/Revenue Management
85%
Workday Financial Management/Revenue Management ranks higher in 1/1 features
Workday Financial Management/Revenue Management ranks higher in 1/1 features
Credit card processing
N/A
0 Ratings

8.5
85%
3 Ratings
Attribute Ratings
- AvidXchange is rated higher in 2 areas: Likelihood to Recommend, Usability
- Workday Financial Management/Revenue Management is rated higher in 1 area: Support Rating
Likelihood to Recommend
9.0
AvidXchange
90%
18 Ratings

8.3
Workday Financial Management/Revenue Management
83%
7 Ratings
Likelihood to Renew
8.2
AvidXchange
82%
5 Ratings

Workday Financial Management/Revenue Management
N/A
0 Ratings
Usability
8.2
AvidXchange
82%
1 Rating

7.8
Workday Financial Management/Revenue Management
78%
4 Ratings
Availability
9.0
AvidXchange
90%
2 Ratings

Workday Financial Management/Revenue Management
N/A
0 Ratings
Performance
8.0
AvidXchange
80%
2 Ratings

Workday Financial Management/Revenue Management
N/A
0 Ratings
Support Rating
8.2
AvidXchange
82%
4 Ratings

8.5
Workday Financial Management/Revenue Management
85%
4 Ratings
Implementation Rating
7.3
AvidXchange
73%
2 Ratings

Workday Financial Management/Revenue Management
N/A
0 Ratings
Likelihood to Recommend
AvidXchange
AvidXchange is well suited for companies with multiple locations where approvals may be hard to get directly. A user can log on when they have time basically from anywhere to review, code and approve invoices. This would allow for processing of invoices centrally more efficiently then with appear invoices being moved from one place to another to be processed
Director of JD Edwards Business Services
Island Hospitality ManagementHospitality, 5001-10,000 employees
Workday Financial Management/Revenue Management
Financial reporting is sometimes tricky in our field because
some oil and gas fields are depleted, and the standard methods of activating
abandoned oil wells will have high-cost variability. Therefore, in this scenario, Workday Financial Management made internal financial reporting statements pretty seamless, where initial
bid and field cost can be incorporated very easily in an asset-wise manner.
Also, cloud-based sharing was never a problem, and our lease operators never had
a problem understanding which reports belong to which asset.
some oil and gas fields are depleted, and the standard methods of activating
abandoned oil wells will have high-cost variability. Therefore, in this scenario, Workday Financial Management made internal financial reporting statements pretty seamless, where initial
bid and field cost can be incorporated very easily in an asset-wise manner.
Also, cloud-based sharing was never a problem, and our lease operators never had
a problem understanding which reports belong to which asset.

Verified User
Employee in Engineering
Design Company, 1001-5000 employeesPros
AvidXchange
- Our contractors and vendors can submit invoices electronically through AvidBill, removing the tedious task of sorting and coding mail. This feature saves on time and administrative duties.
- Communication is key, and being able to log a comment or question in AvidInvoice allows for clarification and expedited approval process.
- Having multiple properties, having the Property Code and % Allocation features allow us to ensure the correct entity is charged it's portion of expenses. For example, we may have a service that is coded to all 32 properties. With AvidInvoice we are able to allocate each entity's pro rata share of the invoice.
Senior Property Manager
Newmark Grubb Knight FrankReal Estate, 10,001+ employees
Workday Financial Management/Revenue Management
- Workday is very organized and user friendly. I haven't heard this from any of my co workers that they faced a hard time navigating around or getting technical support.
- The platform offers variety of options for the company to offer to their employees. This includes easy access to their time off balance, hours they have worked, and accessing pay stubs any time.
- One of the biggest thing I notice on a lot of technical platforms is that they don't notify their users of any updates they may be making on their website but workday does a great job of notifying its user way ahead of time of any updates they may be doing
Customer Advocate
CarvanaInternet, 1001-5000 employees
Cons
AvidXchange
- AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
- The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
- The log enhancement follow-up procedure could use some work.
Operations and Marketing Specialist
NAI Isaac Commercial PropertiesCommercial Real Estate, 11-50 employees
Workday Financial Management/Revenue Management
- We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
- The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
- Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.

Verified User
Executive in Finance and Accounting
Higher Education Company, 10,001+ employeesPricing Details
AvidXchange
General
Free Trial
—Free/Freemium Version
—Premium Consulting/Integration Services
—Entry-level set up fee?
No
Starting Price
$5,000 per license
AvidXchange Editions & Modules
Edition
AvidXchange | $5,0001 |
---|
- per license
Additional Pricing Details
—Workday Financial Management/Revenue Management
General
Free Trial
—Free/Freemium Version
—Premium Consulting/Integration Services
—Entry-level set up fee?
No
Starting Price
—Workday Financial Management/Revenue Management Editions & Modules
—
Additional Pricing Details
—Likelihood to Renew
AvidXchange
AvidXchange 8.2
Based on 5 answers
At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.

Verified User
Professional in Corporate
Commercial Real Estate Company, 51-200 employeesWorkday Financial Management/Revenue Management
No score
No answers yet
No answers on this topic
Usability
AvidXchange
AvidXchange 8.2
Based on 1 answer
Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
Director of Training and Development
Community Management AssociatesReal Estate, 201-500 employees
Workday Financial Management/Revenue Management
Workday Financial Management/Revenue Management 7.8
Based on 4 answers
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.

Verified User
Analyst in Corporate
Health, Wellness and Fitness Company, 1001-5000 employeesSupport Rating
AvidXchange
AvidXchange 8.2
Based on 4 answers
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
Director of Training and Development
Community Management AssociatesReal Estate, 201-500 employees
Workday Financial Management/Revenue Management
Workday Financial Management/Revenue Management 8.5
Based on 4 answers
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.

Verified User
Analyst in Information Technology
Higher Education Company, 51-200 employeesAlternatives Considered
AvidXchange
We are presently evaluating a move to Concur Invoice, not because of any real lack of functionality from AvidXchange, but simply because we have other business functions already on Concur Invoice. From what we have seen so far, the functionality is similar, though I believe Concur Invoice is more expensive.

Verified User
Analyst in Finance and Accounting
Religious Institutions Company, 201-500 employeesWorkday Financial Management/Revenue Management
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!

Verified User
Employee in Corporate
Media Production Company, 201-500 employeesReturn on Investment
AvidXchange
- AvidXchange allows our office to be more productive on invoice approvals.
- Overall, AvidXchange is saving us money. We do not have to courier invoices back and forth once signatures have been provided.
- You can approve invoices from anywhere as long as you have internet access.
Assistant Property Manager
Daniel CorporationReal Estate, 51-200 employees
Workday Financial Management/Revenue Management
- Quick and non-glitchy financial reporting.
- As more people use it, inter-department talks are always there as HR and Project managers are talking about the same software.
- The disturbance in service is no longer the problem as It integrates the three different sectors of financial reporting.

Verified User
Employee in Engineering
Design Company, 1001-5000 employees